Investment sales

Village-at-RiverGate-Madison-Tenn
Investment salesNewsTennessee

Franklin Street Brokers $8.1 Million Sale of Shopping Center in Metro Nashville

by Hayden Spiess

Madison, Tenn. — Franklin Street has brokered the $8.1 million sale of Village at RiverGate, a shopping center located in the Nashville suburb of Madison. Built in 1981, the property comprises 64,106 square feet and was renovated in 2020. Tenants at the center include JoAnn Fabrics, GameStop, Chuck E. Cheese and We Rock the Spectrum. John Tennant and Bryan Belk of Franklin Street represented the seller, Hendon Properties, in the transaction. An undisclosed local private investor purchased the property.

Continue Reading
0 FacebookTwitterLinkedinEmail
Big-Bear-Shopping-Center
CaliforniaDevelopmentGrocery-anchoredInvestment salesNews

Wood Investments Cos. to Develop 80,000-Square-Foot Shopping Center in Big Bear Lake, California

by Hayden Spiess

Big Bear Lake, Calif. — Wood Investments Cos. has purchased a former Kmart building in Big Bear Lake, with plans to develop an 80,000-square-foot shopping center. Upon completion, Big Bear Lake Shopping Centerwill be subdivided into three individual anchor suites. A 17,193-square-foot Grocery Outlet will anchor the property. Another retailer has signed a 23,228-square-foot lease at the property, and a third tenant is in negotiations to lease a 23,228-square-foot space. Construction is scheduled to begin in the fourth quarter of this year, with the opening scheduled for March 2024. Charley …

Continue Reading
0 FacebookTwitterLinkedinEmail
FloridaInvestment salesNet leaseNewsRestaurants

SRS Brokers $8.1 Million Portfolio Sale of Two Single-Tenant Retail Properties in Metro Tampa

by Hayden Spiess

Brandon, Fla. — SRS Real Estate Partners’ National Net Lease Group has brokered the $8.1 million portfolio sale of two single-tenant net-lease retail properties totaling 6,454 square feet in Brandon, roughly 13 miles outside Tampa. The restaurants, which are occupied by Panera Bread and Chipotle Mexican Grill, are outparcels to Lake Brandon Plaza, a 200,000-square-foot, Publix-anchored shopping center. Both properties were completed this year and have new 15-year, absolute triple-net leases in place. Patrick Nutt and William Wamble of SRS represented the seller, a Florida-based private investor, in the 1031 …

Continue Reading
0 FacebookTwitterLinkedinEmail
Planet-Fitness-Ventura-Calif
CaliforniaInvestment salesNet leaseNews

Hanley Arranges $6.4 Million Sale of Planet Fitness Property in Southern California

by Hayden Spiess

Ventura, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $6.4 million sale of a single-tenant property located in Ventura. Planet Fitness occupies the newly renovated 24,600-square-foot building on a triple-net-lease basis. Bill Asher, Jeff Lefko and Ed Hanley of Hanley represented the seller, an affiliate of MJL Capital Partners. Brian Hughes of M&M Thrift Management Co. represented the buyer, a Ventura-based private investor.

Continue Reading
0 FacebookTwitterLinkedinEmail
Arbys
Investment salesIowaMontanaNebraskaNet leaseNewsNorth DakotaWisconsin

Marcus & Millichap Brokers $35.1 Million Sale of Midwest Arby’s Portfolio

by Katie Sloan

Iowa, Montana, North Dakota, Nebraska and Wisconsin — Marcus & Millichap has brokered the sale of a 22-property portfolio occupied by Arby’s in the Midwest for $35.1 million. The net-leased assets are located in Iowa, Montana, North Dakota, Nebraska and Wisconsin. Drew Isaac and Brian Bailey of Marcus & Millichap represented the seller, an Arby’s franchisee. As part of the sale, new leases were executed for the properties. The buyer was undisclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
Erie-Commons-Mentor-Ohio
FinanceInvestment salesNewsOhio

Eastern Union Arranges $11 Million Acquisition Financing for Shopping Centers in Metro Cleveland

by Hayden Spiess

Mentor, Ohio — Eastern Union has arranged $11 million in financing for the acquisition of two shopping centers located in Mentor, a northeast suburb of Cleveland. Together the properties total 312,866 square feet, with Erie Commons comprising 232,386 square feet and Great Lakes Plaza featuring 80,480 square feet. Marc Tropp of Eastern Union secured the financing through First Bank on behalf of the borrower, America’s Realty LLC. The overall purchase price for the two properties was $14.6 million.

Continue Reading
0 FacebookTwitterLinkedinEmail
Walgreens-Canal-Winchester-OH
Investment salesNewsOhio

Marcus & Millichap Negotiates $5.4 Million Sale of Walgreens-Occupied Property in Metro Columbus

by Hayden Spiess

Canal Winchester, Ohio — Marcus & Millichap has negotiated the $5.4 million sale of a 14,560-square-foot retail property occupied by Walgreens in Canal Winchester, a southeast suburb of Columbus. Jesse Limon of Marcus & Millichap represented the seller, a limited liability company, and the buyer, an all-cash REIT.

Continue Reading
0 FacebookTwitterLinkedinEmail
Sullivan-Towers_Newnan
GeorgiaInvestment salesNews

CBRE Brokers Sales of Two Retail Centers in Metro Atlanta Totaling $4.4 Million

by Hayden Spiess

Newnan and Ellenwood, Ga. — CBRE has brokered the sales of two retail strip centers totaling approximately $4.4 million. The properties include Sullivan Towers, a 12,950-square-foot property located in Newnan, and Ellenwood Plaza, a 9,450-square-foot property located in Ellenwood. Craig Taylor of CBRE’s Atlanta office represented the sellers, two undisclosed private entities, in each transaction. Local investor James Thomasson purchased Sullivan Towers and United Properties Ventures acquired Ellenwood Plaza. Sullivan Towers was fully leased at the time of sale to tenants including CVS/pharmacy, Carr Eye Care, Touch of India, Kuman …

Continue Reading
0 FacebookTwitterLinkedinEmail
Specialty-Shops-SouthPark-Charlotte-N.C
GeorgiaGrocery-anchoredInvestment salesNewsNorth Carolina

Nuveen Acquires Two Retail Centers Totaling 139,732 Square Feet

by Hayden Spiess

Atlanta and Charlotte, N.C. — Nuveen Real Estate has acquired two retail centers totaling 139,732 square feet in separate transactions. Roswell Wieuca in Atlanta was originally constructed in 1954 and comprises 73,370 square feet. The property is grocery-anchored and was 98 percent occupied at the time of sale. The second property, Specialty Shops SouthPark in Charlotte, was purchased in partnership with Hill Partners, which has managed and leased the property since 2014. Specialty Shops features 65,362 square feet and was fully leased at the time of sale.

Continue Reading
0 FacebookTwitterLinkedinEmail
Shoppes at Jefferson Valley Mall
Investment salesNew YorkNews

IPA Arranges Sale of 153,151-Square-Foot Retail Building in Yorktown Heights, New York

by Hayden Spiess

Yorktown Heights, N.Y. — Marcus & Millichap’s Institutional Property Advisors (IPA) has arranged the sale of The Shoppes at Jefferson Valley Mall, a 153,151-square-foot property located in Yorktown Heights. The four-suite building was 24.2 percent occupied at the time of sale. Built in 1983, The Shoppes at Jefferson Valley Mall is situated on 12 acres adjacent to Jefferson Valley Mall. 24 Hour Fitness is a tenant at the property, and Funtime Entertainment has a license to use 2,500 square feet of space within the building for storage. Joseph French, Jr. …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts